Is it a good time to start a bitcoin mining company? Why or why not?
Asking for a friend. I have my opinion/ideas but think other voices would be more helpful.
#asknostr
Discussion
Depends on how cheap you can get your electricity
You need a way to get energy cheaper than competition otherwise hfsp
Energy needs? I’m about to embark on a similar journey next month…including moving to a very remote area, establishing a small solar-farm too.
I believe that there’s never a wrong time, btw.
Thanks for comment, and good luck on your venture!!
Ya no. Yo creo que por desgracia ya es tarde. Solo cosa de los grandes. Costo de energía, toda la inversión de ASICs teniendo en cuenta el nuevo halving...
It's going to be difficult for Americans to compete with cheap energy in Africa and South America. Unless you have access to stranded energy which is basically free.
Absolutely! Thanks for comment Jonathan!
I really need to find some stranded energy!
NuScale in Oregon and Rolls Royce both working on SMR reactors that are much lower cost to build, and can produce up to 1000mw of energy. Could change the game on cheap energy that can be built on site anywhere. (About 15 by 30 foot)
Most likely though any energy in the U.S. will be owned by the gov (U.S. army core of engineers) or have so much red tape and fees to deter usage.